[Calc Review] Help me analyze this deal

[Brian Blatz]

Good evening all. 

I am still learning and analyzing but want to get into MF units. One thing I am having a hard time with is ARV vs cap rate especially when financing is involved. I understand cap rate is NOI / purchase price and is used to compare properties. How do I go about finding the ARV though for refinancing after doing some repairs/updates? I'm sure it's a simple answer that I am overlooking.

On that note does anyone have any feedback about the below linked analysis? It's a 14-unit on the market for $500k. Report is based on purchase price of $450k. Expenses (electricity, garbag, water) are based on the T12 included in the listing. Now that I think of it I forgot to include landscaping costs. $181/mo per the T12.

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Thanks!